Scribe, a US-based productivity platform aiding knowledge workers all across the world in performing and sharing their work, has secured US$ 22 million in a Series A funding round led by Tiger Global Management on 18 October 2021.
Investors: The latest funding round featured Tiger Global Management as the lead investor with participation from XYZ Venture Capital, AME Cloud Ventures, Sweat Equity Ventures, Morado Ventures, Haystack, Amplify Partners and other high-profile investors like Eric Wu, John Thompson, Nick Mehta and Scott Belsky.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards increasing investment in research and development of its platform and scaling its team to meet consumer demand.
About Scribe
Brought to existence in 2019 by Jennifer Smith and Aaron Podolny, Scribe allows users to automatically build and share the steps involved in performing an activity. Additionally, the users can individualise each step with further detail and share instantly or fix in existing instruments, offering viewers immediate access to the latest top-notch practices. In addition, Scribe allows businesses to create a core repository of the aggregate intelligence of their employees. This store of wisdom substantially reduces the time spent by employees in documenting files and increases the accessibility of know-how to everyone. Scribe’s solution is employed by Fortune 500 corporations like LinkedIn and tech startup unicorns such as Human Interest.
What the CEO has to say: “Our prime motivation for establishing Scribe was the underestimated role of human resources perceived by corporations implementing new ways and tools to achieve rapid growth rate. Skilled employees add significant value to the organisation by blending multiple systems and tools into surging complex processes. However, such proficiency has been challenging to realise and surface for today’s businesses. We aim to bring a change by collecting expertise so that it is accessible to all for performing quality work.”- Jennifer Smith, CEO and Co-Founder of Scribe.
What the Investor has to say: “The founding team pack a powerful one-two punch as CTO and CEO. For me, the most remarkable achievement of Scribe is the way the firm has rapidly gained attention and offered an effective solution to startups, Fortune 500 companies, and other corporations. The company’s exponential growth is a testament of its success in tapping an actual need of companies.”- Mike Dauber, General Partner at Amplify Partners.
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